At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were higher waiting for direct business to develop, bouncing just a little bit off of Tuesday’s sharp moves lower. April lives closed $.50 higher at $183.60 and June lives closed $.30 higher at $178.67. April feeders closed $1.42 higher at $246.87 and May feeders closed $1.02 higher at $248.27.
There was a light round of direct cash cattle trade that took place on Wednesday.
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